BofA Securities upgraded shares of US Xpress Enterprises (NYSE:USX) from a neutral rating to a buy rating in a research note released on Wednesday morning, Briefing.com Automated Import reports. They currently have $9.00 price objective on the stock, up from their previous price objective of $7.00.
Other analysts have also issued research reports about the stock. Bank of America upgraded shares of US Xpress Enterprises from a neutral rating to a buy rating and boosted their target price for the company from $7.00 to $9.00 in a research note on Wednesday. Stifel Nicolaus lowered shares of US Xpress Enterprises from a buy rating to a hold rating and lowered their target price for the company from $7.00 to $5.00 in a research note on Friday, May 1st. ValuEngine lowered shares of US Xpress Enterprises from a buy rating to a hold rating in a research note on Thursday, July 2nd. Zacks Investment Research upgraded shares of US Xpress Enterprises from a hold rating to a buy rating and set a $5.75 price target for the company in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. lowered shares of US Xpress Enterprises from an overweight rating to a neutral rating and set a $7.00 price target for the company. in a research report on Thursday, July 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $8.25.
Shares of NYSE:USX opened at $9.16 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.58. US Xpress Enterprises has a 12-month low of $2.65 and a 12-month high of $10.34. The company has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $5.01. The firm has a market cap of $452.78 million, a PE ratio of -38.17 and a beta of 2.00.
US Xpress Enterprises (NYSE:USX) last released its earnings results on Tuesday, July 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.33. US Xpress Enterprises had a negative net margin of 0.62% and a negative return on equity of 0.87%. The firm had revenue of $422.48 million during the quarter, compared to analyst estimates of $420.27 million. As a group, equities research analysts forecast that US Xpress Enterprises will post 0.29 EPS for the current fiscal year.
In related news, insider Lisa M. Pate sold 100,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $6.11, for a total value of $611,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon Beizer acquired 6,000 shares of US Xpress Enterprises stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $5.10 per share, with a total value of $30,600.00. Following the acquisition, the director now directly owns 30,354 shares of the company’s stock, valued at $154,805.40. The disclosure for this purchase can be found here. Insiders purchased 96,331 shares of company stock valued at $427,468 in the last ninety days. Corporate insiders own 29.79% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its holdings in US Xpress Enterprises by 9.1% in the second quarter. Strs Ohio now owns 73,400 shares of the company’s stock worth $440,000 after purchasing an additional 6,100 shares during the period. Hodges Capital Management Inc. acquired a new stake in US Xpress Enterprises in the 2nd quarter valued at about $240,000. SG Americas Securities LLC lifted its holdings in US Xpress Enterprises by 30.4% in the 2nd quarter. SG Americas Securities LLC now owns 13,887 shares of the company’s stock valued at $83,000 after acquiring an additional 3,237 shares during the last quarter. Royal Bank of Canada lifted its holdings in US Xpress Enterprises by 542.3% in the 1st quarter. Royal Bank of Canada now owns 15,627 shares of the company’s stock valued at $52,000 after acquiring an additional 13,194 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in US Xpress Enterprises in the 1st quarter valued at about $97,000. 35.74% of the stock is owned by institutional investors and hedge funds.
About US Xpress Enterprises
U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.
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